A LEADING Caribbean bank has approved the replacement of Queen Elizabeth’s image on Eastern Caribbean (EC) currency.
The St Kitts-based Eastern Caribbean Central Bank (ECCB) says its Monetary Council has approved the changes and say flags of Caribbean nations could be used instead.
The ECCB serves as the central bank for the Caribbean islands of Antigua and Barbuda, Dominica, Grenada, St Vincent and the Grenadines, St. Kitts and Nevis, Montserrat and Anguilla.
“The proposed replacement is an emblem which depicts the flags of ECCB member countries,” the ECCB said in an advertisement.
The eight countries in the region are commonly described as the members of the Eastern Caribbean Currency Union (ECCU).
The bank added that the new image “provides more holistic reflection of the ECCU (Eastern Caribbean Currency Union)”.
Earlier in the year, the ECCB previously said in a release: “The use of the ECCU logo on the EC currency is subject to a process of public consultation.
“A consultation process until December 31, 2023. During this time, the public will be invited to comment on the proposal to replace the Queen’s image with the ECCU logo and to offer any other suggestions.”
The EC currency, the successor to the British West Indies dollar, has existed since 1965.
On 6 October 1965, the EC currency was bought into circulation.
In July this year, the change was approved by the Eastern Caribbean Central Bank Monetary Council (ECCB), at their 105th meeting in St Vincent and the Grenadines.
The Voice, has contacted the EECB for comment.
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